Financial Sector Reforms: The Narasimham Committees I and II

The Indian financial system underwent massive transformation starting in the early 1990s. Understanding the policy framework that drove this change is essential for grasping modern banking operations and regulation. This course provides a clear, detailed breakdown of the Narasimham Committee reports (I and II), enabling you to analyze how key reforms were conceived, recommended, and implemented to create a more robust and competitive financial sector. What you'll learn: * Understand the context and necessity for major financial sector reforms in India in the early 1990s. * Analyze the core recommendations of Narasimham Committee I regarding banking structure, capital adequacy, and asset classification. * Examine the proposals of Narasimham Committee II focusing on institutional strengthening, technology, and improving competition. * Apply knowledge of effective risk management and non-performing asset (NPA) strategies stemming from these foundational reports. * Compare the historical recommendations with current regulatory frameworks, including modern corporate governance and international capital norms. The course begins with the economic context leading up to the reforms and systematically reviews the objectives and specific proposals of both committees. It concludes by tracing the implementation outcomes and their lasting influence on current financial policy. This course is designed for absolute beginners, including students of economics, finance, and public policy, who have no prior experience with Indian financial history. No prerequisites are required. Start reading today to build a strong foundation in financial reform history.